Victory Growth and Tax Strategy Fund (USBLX)

Fund Assets	921.68M
Expense Ratio	0.52%
Min. Investment	$3,000
Turnover	16.00%
Dividend (ttm)	0.71
Dividend Yield	2.24%
Dividend Growth	37.31%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 15, 2026

Previous Close	31.71
YTD Return	6.56%
1-Year Return	12.41%
5-Year Return	33.69%
52-Week Low	28.77
52-Week High	32.08
Beta (5Y)	0.66
Holdings	812
Inception Date	Jan 11, 1989

About USBLX

Victory Growth and Tax Strategy Fund is a balanced mutual fund designed to offer a conservative blend of income and long-term capital appreciation. Its primary function is to provide investors with income that is largely exempt from federal income tax, while also delivering growth potential through a diversified allocation to large, established blue chip stocks. The fund typically allocates 50% to 70% of assets to tax-exempt municipal bonds and money market instruments, with the remaining 30% to 50% invested in equities, targeting stability and tax efficiency. Notable equity holdings include leading technology and consumer companies such as Apple, Microsoft, and Amazon, while the fixed income portion emphasizes high-quality municipal bonds with minimal exposure to the alternative minimum tax. Managed by a team of experienced portfolio managers, the fund seeks to minimize the impact of taxes for shareholders, making it relevant for investors interested in balancing after-tax income and capital preservation. With a history dating back to 1989, the fund occupies a distinctive role in the market for its tax-advantaged income and moderate risk profile, appealing to individuals focused on both growth and income within a single, professionally managed vehicle.

• Fund Family: Victory Capital Management Inc.
• Category: Allocation--30% to 50% Equity
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: USBLX
• Share Class: Victory Growth And Tax Strategy Fund Shares
• Index: S&P 500 TR

Performance

USBLX had a total return of 12.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.01%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FSCNX	Fidelity	Fidelity Advisor Asset Manager 60% - Class C	1.67%
FFTMX	Fidelity	Fidelity Advisor Asset Manager 50% M	1.07%
FSATX	Fidelity	Fidelity Advisor Asset Manager 60% - Class M	1.17%
SWCGX	Schwab	Schwab MarketTrack Conservative Portfolio™	0.49%
SWBGX	Schwab	Schwab MarketTrack Balanced Portfolio™	0.48%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
UGTIX	Victory Growth And Tax Strategy Fund Institutional Shares	0.56%
UGTAX	Victory Growth And Tax Strategy Fund Class A	0.83%
UGTCX	Victory Growth And Tax Strategy Fund Class C	1.57%

Top 10 Holdings

18.94% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	3.57%
Apple Inc.	AAPL	3.35%
NEW YORK N Y 3.05%	NY.NYC 10.01.2046	2.16%
Microsoft Corporation	MSFT	1.99%
Amazon.com, Inc.	AMZN	1.87%
Alphabet Inc.	GOOGL	1.63%
Broadcom Inc.	AVGO	1.30%
Alphabet Inc.	GOOG	1.12%
Meta Platforms, Inc.	META	0.99%
Tesla, Inc.	TSLA	0.96%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 15, 2026	$0.22641	Jun 16, 2026
Mar 16, 2026	$0.16314	Mar 17, 2026
Dec 18, 2025	$0.1588	Dec 19, 2025
Sep 15, 2025	$0.15974	Sep 16, 2025
Jun 16, 2025	$0.15892	Jun 17, 2025
Mar 17, 2025	$0.11276	Mar 18, 2025

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 25, 2026

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